Internal Revenue Code (Title 26 U.S.C.)
26 U.S.C. § 331
Gain or loss to shareholder in corporate liquidations
Official textgovinfo.govlast amended
# (a)
Distributions in complete liquidation treated as exchanges Amounts received by a shareholder in a distribution in complete liquidation of a corporation shall be treated as in full payment in exchange for the stock.
# (b)
Nonapplication of section 301 Section 301 (relating to effects on shareholder of distributions of property) shall not apply to any distribution of property (other than a distribution referred to in paragraph (2)(B) of section 316(b)) in complete liquidation.
# (c)
Cross reference For general rule for determination of the amount of gain or loss recognized, see section 1001.
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Nearby sections (25 sections)
- 301 · Distributions of property
- 302 · Distributions in redemption of stock
- 303 · Distributions in redemption of stock to pay death taxes
- 304 · Redemption through use of related corporations
- 305 · Distributions of stock and stock rights
- 306 · Dispositions of certain stock
- 307 · Basis of stock and stock rights acquired in distributions
- 311 · Taxability of corporation on distribution
- 312 · Effect on earnings and profits
- 316 · Dividend defined
- 317 · Other definitions
- 318 · Constructive ownership of stock
- 331 · Gain or loss to shareholder in corporate liquidations
- 332 · Complete liquidations of subsidiaries
- 333 · [§333. Repealed. Pub. L. 99–514, title VI, §631(e)(3), Oct. 22,…
- 334 · Basis of property received in liquidations
- 336 · Gain or loss recognized on property distributed in complete…
- 337 · Nonrecognition for property distributed to parent in complete…
- 338 · Certain stock purchases treated as asset acquisitions
- 341 · [§341. Repealed. Pub. L. 108–27, title III, §302(e)(4)(A), May…
- 342 · [§342. Repealed. Pub. L. 94–455, title XIX, §1901(a)(47), Oct. 4,…
- 346 · Definition and special rule
- 351 · Transfer to corporation controlled by transferor
- 354 · Exchanges of stock and securities in certain reorganizations
- 355 · Distribution of stock and securities of a controlled corporation